Cairn Energy (OTCMKTS:CRNCY) was upgraded by research analysts at Morgan Stanley from an “equal” rating to a “weight” rating in a research report issued on Monday.
Other research analysts have also issued reports about the stock. Jefferies Group lowered shares of Cairn Energy from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Cairn Energy from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a report on Thursday, January 4th. Finally, Macquarie reiterated a “neutral” rating on shares of Cairn Energy in a report on Wednesday, January 17th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.00.
Shares of Cairn Energy (CRNCY) traded up $0.00 during mid-day trading on Monday, hitting $5.62. 966 shares of the stock traded hands, compared to its average volume of 13,009. Cairn Energy has a 1-year low of $4.29 and a 1-year high of $6.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.34 and a current ratio of 1.35.
Cairn Energy Company Profile
Cairn Energy PLC operates as an oil and gas exploration, development, and production company. It primarily holds interests in Senegal, the United Kingdom, Norway, Malta, Morocco, and the Republic of Ireland. The company also holds interests in two licenses covering an area of 1,100 km located in the Sureste basin, Gulf of Mexico.
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